News & Opinions

Ringgit fall timely for Singaporeans to buy Malaysian luxury property

With the ringgit plumbing record lows against a basket of weighted currencies, especially the Singapore dollar, there is no better time for Singaporeans to invest in Malaysian properties, says founder and CEO of MoneySmart.sg, Vinod Nair. “The confluence of a strongly regulated Singapore property market where prices are still not tapering to significant lower levels, …

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Steady occupancy rates for upscale hotels in KL

PETALING JAYA: Upscale hotels in Kuala Lumpur and its surrounding areas continue to see steady occupancy rates, despite a slight increase in average room prices, according to a property survey. With the weaker ringgit seen as a welcome boost for the tourism industry, hotels in the city are expected to continue to attract new investments. …

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Is owning a house in KL and Penang beyond most people’s reach?

DATUK Charon Mokhzani says it is “funny” how when someone wants to invest in the stock market there is heaps of data about what exactly happened in the past and the prediction for the future but the same cannot be said about housing. “When you want make a huge investment in a house, you don’t …

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Luxury condo market to remain subdued

AN oversupply situation, as well as cautious buyer sentiment will see the luxury condominium segment remain subdued for the rest of the year. According to Savills Malaysia’s latest Asian Cities report, there were 21,069 luxury residential units priced above RM800 per sq ft in Kuala Lumpur as of end-2014. This represents a 21% increase year-on-year. …

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PR1MA Launches Rent-To-Own Programme To Assist Potential Homeowners

The 1Malaysia People’s Housing (PR1MA) Corporation has introduced its “Rent-to-Own’ (RTO) scheme, a solution for Pr1ma home-buyers who are not eligible for housing loans. CEO Datuk Abdul Muttalib Alias said RTO allows potential home-buyers with poor credit ratings to lease the house for up to 10 years. This is to help the buyers to build …

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